GASCO BOD to distribute SR56.25 mln profit for 2H 2021

National Gas and Industrialization Co. (GASCO) announced on Thursday its board of directors’ decision to distribute cash dividends to shareholders for the Second half ended on 31 December 2021.

The total amount distributed is SR 56,250,000. The dividend per share is SR 0.75 per share. The percentage of dividend to the share par value (%) is 7.5 %.

GASCO added in a statement on Tadawul that the number of shares eligible for dividends is 75,000,000 shares. The eligibility date is 30.03.2022. The distribution date is 13.04.2022.

Additional Information:

The company calls upon its shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend is deposited in their accounts with the banks on the distribution day.

We would like to draw the attention of non-resident foreign investors that the cash dividend distribution which is transferred by the resident financial broker is subject to withholding tax of 5%, in accordance with the provisions of article (68) of the income tax law and article (63) of its implementing regulation.